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 27 Aug 08 2:28 pm |
| Anonymous wrote: | | my personal experience- i am selling my three room flat now, first my agent said 40k no problem and got the exclusive, then only one or two keen buyers came offering 5k-8k, i said no, now no keen buyers. those calling my agent asking whether can get at valuation or not because he is bankrupt. agent say let go if not the new valuation might be lesser. i am confused any advise. |
yep...it's normal.... when u see sellers asking only for 5k or sell at value in news paper, the next round they get the new valuation will be lower.
This happened in 1998 too. |
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27 Aug 08 2:52 pm |
| Anonymous wrote: | | Anonymous wrote: | | my personal experience- i am selling my three room flat now, first my agent said 40k no problem and got the exclusive, then only one or two keen buyers came offering 5k-8k, i said no, now no keen buyers. those calling my agent asking whether can get at valuation or not because he is bankrupt. agent say let go if not the new valuation might be lesser. i am confused any advise. |
yep...it's normal.... when u see sellers asking only for 5k or sell at value in news paper, the next round they get the new valuation will be lower.
This happened in 1998 too. |
Try to think from agent's point of view. First, sell 40K COV for a 3 room flat is just ridiculous..his objective: to make you think that he can sell at high price hence he got your deal and it's exclusive some more!!
those calling my agent asking whether can get at valuation or not because he is bankrupt. <-- what a lame excuse...
Agent say let go...of course lah!! if not, he will have nothing at the end of the day!! Let go he still can get a fast cash!!
My conclusion: It's either you are creating a false scenario or you are just really fool... |
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27 Aug 08 6:08 pm |
Good news or bad news?
In ST today: "Economists slash GDP projections"
| Quote: | But analysts say the dreaded R-word will be a strong possibility when third- quarter data are out in October.
'Given the weaker-than-expected July industrial production numbers, we now think there is at least a 40 per cent chance of a biomedical-led technical recession in the third quarter,' said Citigroup economist Kit Wei Zheng.
Yesterday's numbers once again pointed to pharmaceuticals as the weak link. |
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27 Aug 08 9:18 pm |
| Anonymous wrote: | Good news or bad news?
In ST today: "Economists slash GDP projections"
| Quote: | But analysts say the dreaded R-word will be a strong possibility when third- quarter data are out in October.
'Given the weaker-than-expected July industrial production numbers, we now think there is at least a 40 per cent chance of a biomedical-led technical recession in the third quarter,' said Citigroup economist Kit Wei Zheng.
Yesterday's numbers once again pointed to pharmaceuticals as the weak link. |
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Bad for sellers.
Bad for buyers.
Bad for agent.
When you lose job, buyer / seller all suffer.
And when no transaction...agents suffer. |
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27 Aug 08 9:22 pm |
| Cash is KING |
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27 Aug 08 10:12 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
hahahha...another silly accusation. I bought mine when not peak, 1st quarter last year..hahaha anyway, my house valuation has increased 80K now....hahahaha |
If you bought already, why hang out in this forum?
Who you bluffing?
Owners spend time in renotalk talking about what to do with their home. Only buyers or sellers come here.
Dont tell me you just "passing by" 
To me you sound like a desperate seller encouraging buyers to buy at today's prices and help you make your sale. |
I brought mine too, but still hanging in this forum to see those "talk kok & sing song" people. Very fun like comedy talk. Agent la, seller la, buyer la, gov said la, so and so say so...
Remember what goes up will come down, just matter of how low down & when. |
Not all goes up will come down lah...imagine if you say this 20 yrs ago?? The price will never be at the same as it was 20 yrs ago. But property goes in cycle one...if you buy now and you can retain until the next 7 to 10 yrs...you won't make a loss....if there is a severe financial crisis, then have to wait longer. |
Even if u were to sell it 7 or 10 yrs later, u will not make any profit....considering the loan u are going to pay......   |
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28 Aug 08 9:20 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
hahahha...another silly accusation. I bought mine when not peak, 1st quarter last year..hahaha anyway, my house valuation has increased 80K now....hahahaha |
If you bought already, why hang out in this forum?
Who you bluffing?
Owners spend time in renotalk talking about what to do with their home. Only buyers or sellers come here.
Dont tell me you just "passing by"
To me you sound like a desperate seller encouraging buyers to buy at today's prices and help you make your sale. |
I brought mine too, but still hanging in this forum to see those "talk kok & sing song" people. Very fun like comedy talk. Agent la, seller la, buyer la, gov said la, so and so say so...
Remember what goes up will come down, just matter of how low down & when. |
Not all goes up will come down lah...imagine if you say this 20 yrs ago?? The price will never be at the same as it was 20 yrs ago. But property goes in cycle one...if you buy now and you can retain until the next 7 to 10 yrs...you won't make a loss....if there is a severe financial crisis, then have to wait longer. |
Even if u were to sell it 7 or 10 yrs later, u will not make any profit....considering the loan u are going to pay...... |
Do some basic calculation if you can. You stay there for 7-10 years for a very little amount, say conservency charges and loan interest.
Even your valuation goes down also after 7-10 years (very unlikely), amortize the difference for 7-10 years and find out how much per month?
Does the total is more than your rental?
If your answer is 'yes' then do not buy
If your answer is 'no' then you have reason to buy
Some so called intelligent people may point out inflation rate, dear, mind that inflation will affect your rental too. In last three years inflation rate was 5-7%, where as rental increased by 100%.
If you have parents, GF, BF, inlaws then different story.  |
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juliebo
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28 Aug 08 9:51 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
hahahha...another silly accusation. I bought mine when not peak, 1st quarter last year..hahaha anyway, my house valuation has increased 80K now....hahahaha |
If you bought already, why hang out in this forum?
Who you bluffing?
Owners spend time in renotalk talking about what to do with their home. Only buyers or sellers come here.
Dont tell me you just "passing by"
To me you sound like a desperate seller encouraging buyers to buy at today's prices and help you make your sale. |
I brought mine too, but still hanging in this forum to see those "talk kok & sing song" people. Very fun like comedy talk. Agent la, seller la, buyer la, gov said la, so and so say so...
Remember what goes up will come down, just matter of how low down & when. |
Not all goes up will come down lah...imagine if you say this 20 yrs ago?? The price will never be at the same as it was 20 yrs ago. But property goes in cycle one...if you buy now and you can retain until the next 7 to 10 yrs...you won't make a loss....if there is a severe financial crisis, then have to wait longer. |
Even if u were to sell it 7 or 10 yrs later, u will not make any profit....considering the loan u are going to pay...... |
Do some basic calculation if you can. You stay there for 7-10 years for a very little amount, say conservency charges and loan interest.
Even your valuation goes down also after 7-10 years (very unlikely), amortize the difference for 7-10 years and find out how much per month?
Does the total is more than your rental?
If your answer is 'yes' then do not buy
If your answer is 'no' then you have reason to buy
Some so called intelligent people may point out inflation rate, dear, mind that inflation will affect your rental too. In last three years inflation rate was 5-7%, where as rental increased by 100%.
If you have parents, GF, BF, inlaws then different story. |
Rental increased by 100% that means Salary also must increase by 100% to support the house price/ rental fundamental ya?
Does the Salary really increase 100%? |
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28 Aug 08 11:43 am |
| Anonymous wrote: | | my personal experience- i am selling my three room flat now, first my agent said 40k no problem and got the exclusive, then only one or two keen buyers came offering 5k-8k, i said no, now no keen buyers. those calling my agent asking whether can get at valuation or not because he is bankrupt. agent say let go if not the new valuation might be lesser. i am confused any advise. |
we are all confused !  40K no problem ? this proves that greedy agents are the main cause of steep price increased.  Not many will pay cov 40K , only those lucky few can afford it. Majority can only pay 10k - 20K.
The steep rise in valuation already hit them hard , their life saving in cfp are gone. But those greedy agents still don't realise this fact. |
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28 Aug 08 11:52 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
hahahha...another silly accusation. I bought mine when not peak, 1st quarter last year..hahaha anyway, my house valuation has increased 80K now....hahahaha |
If you bought already, why hang out in this forum?
Who you bluffing?
Owners spend time in renotalk talking about what to do with their home. Only buyers or sellers come here.
Dont tell me you just "passing by"
To me you sound like a desperate seller encouraging buyers to buy at today's prices and help you make your sale. |
I brought mine too, but still hanging in this forum to see those "talk kok & sing song" people. Very fun like comedy talk. Agent la, seller la, buyer la, gov said la, so and so say so...
Remember what goes up will come down, just matter of how low down & when. |
Not all goes up will come down lah...imagine if you say this 20 yrs ago?? The price will never be at the same as it was 20 yrs ago. But property goes in cycle one...if you buy now and you can retain until the next 7 to 10 yrs...you won't make a loss....if there is a severe financial crisis, then have to wait longer. |
Even if u were to sell it 7 or 10 yrs later, u will not make any profit....considering the loan u are going to pay...... |
Do some basic calculation if you can. You stay there for 7-10 years for a very little amount, say conservency charges and loan interest.
Even your valuation goes down also after 7-10 years (very unlikely), amortize the difference for 7-10 years and find out how much per month?
Does the total is more than your rental?
If your answer is 'yes' then do not buy
If your answer is 'no' then you have reason to buy
Some so called intelligent people may point out inflation rate, dear, mind that inflation will affect your rental too. In last three years inflation rate was 5-7%, where as rental increased by 100%.
If you have parents, GF, BF, inlaws then different story. |
Aiya ...if you compare the rental of course , you better buy , if you buy the issue is do u able to sell in 5 to 7 years and get profit
say the valuvation goes down but you still pay the insallment to the back the high rate
say a person rent a 2+1 for 1.5K rite now , and they bought the 4rm flat for 320K and they montly pay 1.1K permonth wich is lesser then rental 2+1 furthermore can make use of CPF to make a installment payment , if the property price goes down by 20% meaing you lost 64K in your capital exclude the interes for 30 years , during that time the rental might goes down to s$800 for 2+1 as he rented earlier but he still pay 1.1K for 30 years , eventhough he save initially , overall he still in lost site |
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28 Aug 08 1:00 pm |
You believe those analyst? read below
``Our initial hopes for a property market recovery in the second half of 2008 have disappeared given the way the macro environment panned out,'' the Merrill Lynch analysts wrote in a report released late yesterday.
Those analysts are well paid speculator!! and finally, they meant private property not HDB, which is all together a different ball game. HDB is must where as private property is nice to have. |
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28 Aug 08 1:17 pm |
| Anonymous wrote: |
You believe those analyst? read below
``Our initial hopes for a property market recovery in the second half of 2008 have disappeared given the way the macro environment panned out,'' the Merrill Lynch analysts wrote in a report released late yesterday.
Those analysts are well paid speculator!! and finally, they meant private property not HDB, which is all together a different ball game. HDB is must where as private property is nice to have. |
If private property fall to 400k per unit, wld you still have 350k for HDB flat? |
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28 Aug 08 2:03 pm |
| Anonymous wrote: |
You believe those analyst? read below
``Our initial hopes for a property market recovery in the second half of 2008 have disappeared given the way the macro environment panned out,'' the Merrill Lynch analysts wrote in a report released late yesterday.
Those analysts are well paid speculator!! and finally, they meant private property not HDB, which is all together a different ball game. HDB is must where as private property is nice to have. |
I think you can find alot of different stories from those analysts..some say price will go up, some will say peak already but won't go down, some will say go down...who are you gonna believe? |
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28 Aug 08 2:08 pm |
| Anonymous wrote: | | Anonymous wrote: |
You believe those analyst? read below
``Our initial hopes for a property market recovery in the second half of 2008 have disappeared given the way the macro environment panned out,'' the Merrill Lynch analysts wrote in a report released late yesterday.
Those analysts are well paid speculator!! and finally, they meant private property not HDB, which is all together a different ball game. HDB is must where as private property is nice to have. |
I think you can find alot of different stories from those analysts..some say price will go up, some will say peak already but won't go down, some will say go down...who are you gonna believe? |
At this point, I gonna believe analysts that say price will go down...
Just hear wat PM says, did he say we are in 'golden period' or 'expect bumpy year ahead' now? |
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28 Aug 08 3:12 pm |
| Anonymous wrote: |
Those analysts are well paid speculator!! and finally, they meant private property not HDB, which is all together a different ball game. HDB is must where as private property is nice to have. |
Whether PR or Singaporean, if a resale unit costs just as much as a new private condo/apartment to finance, will you still buy resale unit?  |
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28 Aug 08 3:17 pm |
| Anonymous wrote: |
I think you can find alot of different stories from those analysts..some say price will go up, some will say peak already but won't go down, some will say go down...who are you gonna believe? |
I had 3 different agents telling me that now COV is still very high, market is still very hot, and that I shouldn't expect to pay less than COV of 40K for a unit. Who to believe? Analyst or agent? They are not analysts, they dont take the data and analyse and by that I mean economic conditions, etc. They only take supply and demand, and the number of transactions.
If I wait three months, will they still be singing the same tune? Realistically speaking, how many PRs out there have 30-40K in the bank and willing to spend it all on a resale unit?
Just wondering aloud.. |
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28 Aug 08 3:22 pm |
| Anonymous wrote: | | Anonymous wrote: |
I think you can find alot of different stories from those analysts..some say price will go up, some will say peak already but won't go down, some will say go down...who are you gonna believe? |
I had 3 different agents telling me that now COV is still very high, market is still very hot, and that I shouldn't expect to pay less than COV of 40K for a unit. Who to believe? Analyst or agent? They are not analysts, they dont take the data and analyse and by that I mean economic conditions, etc. They only take supply and demand, and the number of transactions.
If I wait three months, will they still be singing the same tune? Realistically speaking, how many PRs out there have 30-40K in the bank and willing to spend it all on a resale unit?
Just wondering aloud.. |
This is like the music chair games. Once the music stops, the valuation gonna fall like a knife. |
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28 Aug 08 3:37 pm |
actually...ones can easily access to the HDB latest transaction to do a comparison on the price transacted each month on their area....foucs on the same block,same floor area and level range to see if the latest month transacted price has drop,If it started to drop,that's it,the next valuation done,would be also dropping,cos it shows that the demands is lower. 
Check and see for yourself,rather than all the"Heard-Say"! |
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